Crypto Success Is Not All About Luck And Timing

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Would prefer an extra 6 months before this bull cycle started but will make the most of what I have and be bigger and better next time around. I think that is obvious as one has to take profits and capitalize on these events.

One would say 4 years is long enough to prepare for a bull cycle which has dragged on for far too long. The thing is if we knew how long each cycle was then it would make things too easy as there are just too many unknowns. What I have come to terms with is that we are all still learning as this takes time to understand and get to grips with. Lessons are learned every day and knowledge is gained from those mistakes.

You hear people say you are lucky but in all fairness you make your own luck just by being involved. Crypto takes a lot of work and plenty of patience as we all know so there is no "luck" involved.

When the last bull cycle happened I watched a little from the side lines more out of admiration for what was happening as I had no clue. I was never dragged into the mire at the peak either like 99% of the retail investors. It is true what others have been saying lately and that is when the retail investment arrives it is time to sell. They always FOMO in when everything is about to drop.

Everyone else on the other hand has had 4 years to get into position to take advantage of the final pumps and get out with a decent profit. The last bull cycle apparently that didn't happen and go according to plan for many investors who held onto their bags and slowly watched those values drop by over 90%. Kind of heartbreaking and demoralizing knowing what could have been for so many people as it is a good lesson learnt.

Over the past months I have got involved with trading and staking certain alt coins besides Hive as I have realized having all your eggs in one basket is too risky. Hive is my mainstay for sure but having some others gives me peace of mind knowing there is no pressure on selling Hive and can give it the time it needs to mature.

These days I wish I had actually got involved with trading and staking years ago as what kind of position would I be in now if I had? It is never too late though as we are still early so what I have now is still far more than the average Joe in the street. Just think 13 months ago 1000 Luna would have only cost $350 compared to to $43 700 today. There are so many examples just like that and it is about getting in early enough during the bear market. Many investors achieving success is not by chance or luck as hours of research has gone into the portfolio.

I may be better off than I could ever have imagined yet there is still the feeling that the preparation for this bull cycle could have been thought out better. Positioning yourself to the best of your ability to take advantage of an event that so far is once every 4 years. I do believe this time around the investors who held onto their bags will not be so foolish and will take profits creating many new millionaires. I may not be so lucky this time around but for sure next time I will have optimized the time better and be far more prepared. It is fascinating to realize what is possible over this short bull cycle even though it can take years to get ready for.

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